In point of fact, no oil company is investing much in renewables — precisely because they’ve got such money gusher going from oil. Those other oil companies also had a banner first quarter ...

The XLE ETF has rallied almost 5% this month versus just a 1% gain for the S&P 500. The rally in big oil stocks was long overdue, especially given the prior dramatic underperformance of oil stocks ...

That puts the company in a position to produce more free cash flow at the current oil price point than it would have had in its prior outlook. A cash flow gusher ahead The oil company expects to ...

But the sheer volume of oil unleashed by this gusher – an estimated 100,000 barrels a day – changed everything. Suddenly, oil became abundant and affordable, fueling the rise of the automobile ...

On January 10, 1901, after numerous attempts at digging into the salt dome, oil struck. The Spindletop gusher raged for nine days, gushing 100,000 barrels of oil per day. In its first year ...